Pentaerythritol is an organic compound with a white, crystalline appearance and sweet taste. It is a polyhydric alcohol that occurs naturally in some plants and is also produced synthetically. It is used in the production of paints, varnishes, explosives, and other industrial chemicals, and is used as a food additive.
Pentaerythritol is produced mainly in the United States, China, and Japan. Global demand for pentaerythritol is expected to increase at a rate of 4.6% per year between 2021 and 2026, due to its usage in various applications in the paints and coatings, polymer and plastic, explosives and fireworks, and other industries. In addition, pentaerythritol is used in the production of synthetic lubricants, adhesives, and sealants.
Pentaerythritol is used in the manufacture of alkyd resins and polyester polyols, which are used in coatings, adhesives, plastics, and sealants. It is also used as a plasticizer in polyvinyl chloride (PVC) and other thermoplastic polymers. Pentaerythritol is used in the production of explosives, including dynamites and fireworks. It is also used as a food additive to add sweetness to food products.
The global Pentaerythritol market was valued at US$ 744.4 million in 2022 and is anticipated to reach US$ 937.9 million by 2029, witnessing a CAGR of 3.3% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Pentaerythritol Market available at: https://www.themarketreports.com/report/global-pentaerythritol-market-research-report
This report aims to provide a comprehensive presentation of the global market for Pentaerythritol, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Pentaerythritol.
The major global companies of Pentaerythritol include Hubei Yihua, Perstorp, Jiangsu Kailin Ruiyang Chemical Co., Ltd., LCY, Ercros SA, Metafrax, Chemanol, Puyang Pengxin Chemical Co.,Ltd., MKS Marmara Entegre Kimya, Anhui Jinhe Industrial Co., Ltd., Samyang, Yutianhua Group, Kanoria Chemicals and Industries, Alder SPA etc. In 2021, the world’s top three vendors accounted for approximately % of the revenue.
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